Wm Fortune & Son Chartered AeeountaDts The Hartlepools W*r Memori21 Flome$ and the Crosby Homes C/• Dvrhajn Aged MiDwiorkeTs> Homes Assodation PO Box 31 The Grove 168 Front street Chester le Street County Durlja DH3 3YH coll5nwO0d Hvuse Churcb Sqllare Hartlepool ]S24 7EN De Sirs We cojjfrn thai the following iJ]forniation in wnneclion with your audit of the fInaCial statements for the year endcd 31 March 2024 is tD the best of our knowl¢d8e and belief, true ard lair, bearing in tnind the requiremettts of the Charities Act 2011 alld the Housing and Regeneration Aci 2008. GeReral TD thc bcst of ourknowkdge alld belief &ll transacti(XL% undcrtaken by the eofftpanyliave been properly recorded in the accounting records and tiwe financial stattments and all relevatLt reCoS have been given to y AeeowDting Po]icies The accounting policies used 8re d¢tailed in the fmaacial ststem¢nts are e¢)DsisteDt with those adoptsd in tlie previous f¢]e] statsm¢nL8. Income and Expendlture Aeconnt £30A77 txcepl as di%l0sed ID the financial statements. the r¢5uJts for the yor wer¢ not materially affected by: (a) transa¢tion$ of a sort not usually undertaken by the mpally, Ib) circumstances of art ex¢epiional or norn-recurrent nar> (¢} Charges or riedits relaiing to priorpttiods or Id) any cha£ in the basis of accouuting. Any exptnditutt included in tht fjnancial Statenjts {wbere receipts orvouchus wer¢ not ovailable) was properly made in connectionwith the carrying on of the cornpaDy'5 bu5iiies unless spe¢ifi¢&lly notyfied to you as being of a plivate nanLr¢. Fixed A55ets £468,703 (a) The company has a satisf2ttory lie to all fJxcA &gscts included in the financia] statements. (b) Th¢ ets ¥0 which the compary has sotisfactory till¢ are in¢luded in the fman¢ial 51atenThts. (c) All amounts of expenditrjrc capitalised in respe¢t of fjxed assets as detailed in the r]n&nctal ststejnents rtpre6ent expenditure jThCued in acquiring additional pssets or improving existillg assets. No expendillwe p1]iSed is of arev¢nue natu Debtors £3,498 BalarLCeS illcluded IWL the financial statem¢ts are all valid debton or PWdyn]enls. No bad dcbts were written off and full provision has been made against speeific debts which ale known or may be expected to bt irrecoverdble.
InvestmeJLts £286059 tn our OPittiLth, invesbntnts are expected to realise in the ordiJ)gry course ofbusinets at least the amounts at which they are stated in the compat)y'$ Balanc6 Sheet. LIAbilltie5 (£11.046) All known liabiltiies of maierial amount at 31 Mah 2024 ole sliown in the flljancial statements including the liability for 8Jlpurc]Lagcs io whT¢h title has passed prior to 31 M2rch 2024 wEd for all item$ in¢lDded in str*k5. C8pltal Commitment$ At 31 March 2024 ther¢ were no capital eommitJn¢nt& ColltingelltLiabilitie$ No ¢On¢ingent liabilitieÈ cxisted at 31 March 2024. PostB<sh¢¢ Sh¢et Events No events have o¢¢utted betw¢en 31 Mareh 2024 alld the date of this letterwhi¢h ¢wld matsrially afyect the fujancial statements. 10. TransAetions wÉth Trustees The Company has had at no time during th¢ y¢8rany aTtangeD]ent. transaction or agreement to provide credit f1]itIeS {includtng loans, quasi-loolls or ¢r¢dit tr8nsa¢tions) for the TnteE5 Dor to guarantee orprovide security ftir such Anatters. 11. Other Related Party Transacifotss There were Do relat¢d paty transactions durillg the year ended 31 March 20?4. 12. Colng Concern Jn our OPilliQD, the CoMpY will have adequate rE8ourccs available to finance its trading alld otlL¢r obb8aÉioTrs during ihe cr$¢ oEthe tp1Ve monihs from Ibe datt of tbis letter. 13. and Regulatio$ W¢ wnf]mi that the company has toojplied with all law and rc8ulalions rtjevartito th¢ aGlivitie5 of the company during th¢ yearvnder 8jit and that we havemade available all such relevant itifomiatioo Decessary for audit puryoses. YOUTS faIthIlY Tn]stee iYrt4 Scp7ÉM6cL aoa
THE HARTLEPOOLS WAR MEMORIAL HOMES AND THE CROSBY HOMES TRUSTEES. ANNUAL REPORT AND ACCOUNTS For the year ended 31 March 2024 Reglstered Charlty Number 219384 Housing Corporatlon Number A1055 If you would like addltlonal 1nformatr.ors regordlng any of the Charity's acJvlUes, policies. rules. complalnts prOdureS etc, please contact the Association's ManagSng Agents'.- Durham Aged MInework$. Homes Assoclation The Grove PO Box 31 168 Front street Chester-le-street Co. Durham DH3 3YH Telephone.. Fax.- Email.. Website.- 101911388111l 1019113882838 Info damha.org.uk www.damha.org.uk
The Hartlepools War Memorial homes and the Crosby Homes Tnjstees, annual report and accounts 31 March 2024 Contents Trustees and Advisors. Report of the Trustees . StatemeTkt of the Re5pon5ibilities of the Trustees in Respect of the Accounts. Report of the Auditors... Statement of cOMphen51ve income for the year ended 31st March 2024 . Statement of changes in reserves for the year ended 315t March 2024 Statement of financial position as at 31st March 2024............................................................. 10 Notes .11-17
The Hartlepools War Memorlal homes and the Crosby Homes Trustees. annual report and aCCOUJryts 31 March 2024 Trustees and Advisors Trustees P Watson (Chair) P Jackson Cllr P Brown B Bage P Nuttall B Cowle Advlsors Managlng Agents Durham Aged Nineworkers, Homes Associatlon POBox31 The Grove 168 Front Street Chester-le-street Co. Durham DH3 3AZ Audltors Wm. Fortune & Son Colllngwood House Church Square Hartlepool TS24 7EN Telephone., Fax: Emall,. Website,. (0191) 3881111 (0191) 3882838 info@damha.org.uk www.damha,org.uk Bankers Barclays Bank PLC Hartlepool Branch The Tees Group (North) POBoxNo,7 stockton-on-Tees TS18 IAH Solicitors O'Neill Richmonds Law Flrm 1-2 Lansdowne Terrace East Gosforth Newcastle upon Tyne NE3 IHL
The Hartlepools War Memorial homes and the Crosby Homes Tnjstees'annual report and accounts 31 March 2024 Report of the Trustees Tris report has been prepared in accordance with relevant legislatlon Including the Statement of Recommended Prartice 'Accountlng by Charities. Issued by the Charlty Commlsslon and 'Internal Financlal Control & Flnancial Reportlng. Issued by the former Tenant Servlce5 Authority. The Trustees present their pOrt together with audlted financial statements for the period ended 3 1 March 2024 Status The Hartlepool War Memorial & The Crosby Homes was founded in 1923 and is an unlncorporated charity administered by a Charity Comrni551on Scheme Sealed on the 21" January 2004. It Is an Almshouse Charity (No. 219384) and a Reglstered Housing Assoclatlon (No, A1055). Trustees The persons who are mernbers of the Trustees are set out on page 2. The pollcy when recruiting new Trustees Is to appoint those wlth relevant skills to carry out the buslness of the charlty. Objects -To provlde housing accommodatlon for persons who at any time prlor to their selertlon shall have been resident In the area of benefit for at least ten years of the adult perlod of their lives and who are elther aged, Inflrm or incapacitated by reason of war or accldent." Property nd and bulldlngs known 35 1-31 and 2-16 Ryehill Gardens, Hartlepool, Cleveland TS26 OJJ. Management Durham Aged Mlneworkers, Homes Assoclatlon act as managlng agents. Review of Activlty The 24 two bedroom slngle 5torey terraced homes, We fully occupied through the year expt for 2 which were void for a total of 7 weeks at an average weekly maintenance contrtbution of £72.32. The homes all meet the Government"Decent Homes Standard" and an asset management strategy 15 in place to maintaln the homes to the hlghest standards. A waltlng Ilst 15 malntained and 40 applicants are on the list.
The Hartlepools War Memonal homes and the Crosby Homes Trnstees'annual report and accounts 31 March 2024 Value for Money Statement The Reglstered Charity is commltted to being an effectlve and efficient soclal buslness achlevlng Value for Money fvfm") In all of its actlvltles. A5 the chaNty only has 24 units to achieve Vfm it benefits from the policies and procedures of DAMHA (the managlng agent). Examples of this are where a new central heatbng boiler is required the costs are those negotlated by DAMHA who have in excess of 1700 unSts. Thls principle also applies for replacement windows. kitchens and bathrotsrns as required. Qulnquennial inspectlons are carrled out to schedule planned maintenance, that said many of the Improvements are carried out during void periods due to the age and vulnerability of the residents. Through the management agreement The Hartlepool's War Memorlal Homes and the Crosby Homes have a cost-effective process of managing day to day repairs and the collectlon of the weekly maintenarice charge. Resldents can also contatt housing officers on a free phone number. Addltlonal Vfm Is achleved by using where appropriate local contractors, e.g. landscape maintenance. Key areas of Performance for the Charlty over time in relation to Vfm are as follows: 2024 2023 2022 2021 2020 Operating costs as a percentage Lif tumover {Excluding Amortisation and Depreciation) Maintenance costs per unit 63.41% 60.91° 53.00% 64.34% 50.65% £1,402 £1,481 £1.198 £1,642 £1,030 No of Voids in year Routine repairs compleled on time 84.350 96.580 95.97% 89.68% 95.500 No materlal changes In pollcy have occurred sints the last annual report and no changes are currently under review.
The Hartlepools War Memorial homes and the Cmsby Homes Trustees'annual report and accounts 31 March 2024 statement of Trustees. responslbllities in respect of the Trustees. Report and the flnancial statements Under charity law, the Trustees are responslble for preparlng the Trustees, Annual Report and the flnancial statements in accordance with appllcable law and regulatlons. The flnanclal statements are required by law to give a true and fair view of the stste of affairs of the charlty and of the surplu5 or deficit for that perlod. In preparlng these financial statements, the Trustees are requlred to: select sultable accounting policies and then apply them consistentlyi make Judgements and estlmates that are reasonable and pmdent; state whether the recommendatlons of the Statement of Recommended Practice have been followed, subject to any materlal departures dlsclosed and explalned In the finanoal statements. state whether the financial statements comply wlth the trust deed, Subject to any matertal departures dlsclosed and explalned In the financial statements: and prepare the financlal statements on the golng concern ba515 unless it is inappropriate to presume that the assocSatlon wlll continue in buslness. The Tnjstees are responslble for keeping proper accountlng records, sufficlent to dlsclose at any time, wlth reasonable accuracy, the financial posltlon of the charlty at that time and enable the Trustees to ensure that its financlal statements comply wlth the Charities Act 2011, the Houslng and Regeneration Act 2008 and the Accountlng Dlrection for Private Registered Providers of Social Houslng in England 2019. The Tru5tee5 have general responslblllty for taking such steps as are reasonably open to them to safeguard the assets of the Association and to prevent and detect fraud and other Irregularities, The Trustees are responsible for the malntenènce and Integrlty of the corporate and financlal information Included on the Assoclatlon's website. Leglslatlon in the UK governlng the preparatlon and dlssemination of financlal statements may differ from legislatlon In other jurisdlctlons. Signed on behalf of the Trustees Chair IY+h September 2024
The Hartlepools War Memorial home5 and the Cmsby Homes Trustees, annual report and accounts 31 March 2024 Report of the Auditors We have audited the financlal statements of The Hartlepool War Memorial and The Crosby Homes for the year ended 31st March 2024 on pages 8 to 18. The flnancial reportlng framework that has been applled in thelr preparatlon Is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Ac¢ountlng Practice) includlng FRS 102 The Flnancial Reportlng standard applicable In the UK and Republic of Ireland", Thls report is made solely to the associatlon's members, as a body. in accordance wlth the Housing and Regeneration Act 2008, sectlon 144 of the Charities Act 2011 and regulations made under sectlon 154 of that Act. Our audit work has been undertaken so that we might state to the asSOClatlon's members those matters we are reqUId to state to them In an auditorfs report and for no other purp05e. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the assoclation and the assoclatlon's members, as a body, for our audlt work, for this report, or for the opinions we have formed. Respective re$ponslbllltles of the Board of Trustees and auditor As more fully explained in the Statement of Trustees, Responsibilltles set out on page 4 the Board of Trustees Is responsible for the preparation of financial statements whSch glve a true and fair view. Our responsiblllty Is to audit, and express an opinion on, the flnancial statements In accordantr with applicable law and Internatlonal Standards on Auditing (UK and Ireland). Those standards requlre us to comply wlth the Auditing Practlces Board's (APB'S) Ethlcal Standards for Audltors. Basls of Opinlon We conducted the audit in accordance wlth Auditing Standards Issued by the Auditing Practlces Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the accounts. It also includes an assessment of the signlficant estimates and judgements made by the Trustees In the preparatlon of the accounts, and of whether the accounting policles are approprlate to the Charlty's cSrcumstances, consistently applled and adequately dlsdosed. We planned and performed our audlt so as to obtain all the Information and explanation, whlch we considered necessary in order to provide us with sufflclent evidence to glve reaSOable assurance that the accounts are free fmm materlal mlsstatement, whether caused by fraud or other irregularlty or error. In forming our oplnlon we also evaluated the overall adequacy of the presentatlon of information in the accounts. Oplnlon In our oplnlon the financlal statements: give a true and fair view, in accordance wlth UK Generally Accepted Accounting Practlce, of the state of affalrs of the assoclation as at 31 March 2024 and of its incomlng resources and application of those resources,. have been propedy prepared In accordance with UK Generally Accepted Accountlng Practlce Including FRS 102- and
The Hartlepools War Memorial homes and the Cmsby Homes Trustees, annual report and accounts 31 March 2024 have been properly prepared In accordance wlth the Charitles Act 2011, the Houslng and Regeneratlon Act 2008 and the Accountlng Direction for Private Registered Provlders of Soclal Flotssing 2019. Matters on which we are required to report by exceptlon We have nothing to report in respect of the following matters where the Charities Act 2011 and the Regeneration Act 2008 requlres u5 to report to you if, in our opinion: the informatlon glven In the Trustees, Annual Report is inconsistent in any material respect wlth the financial statements. or the association has not kept sufficient accounting records. or the flnanclal statements are not In agreement wlth the accountlng records and returns. or we have not received all the information and explanations we require for our audit. Under the Houslng and Regeneration Act 2008, we are required to report to you if, in our opinion: proper accounting records of Its transactions and its assets and liabilities in relation to its housing actlvities have not been kept, and a satisfactory system of control of those records, Its cash holdlngs and its recelpts and remittances In relatlon to those activities has not been maintained Wm. Fortune & Son, Registered Auditors Collingwood House Church Square Hartlepool TS24 7EN 11 Soflwkr2024
The Hartlepools War Memorial homes and the Cmsby Homes Tru5tees' annual port and accounts 31 March 2024 Statement of Comprehensive Income for the year ended 31$t March 2024 Notes 2024 2023 Turnover 104,771 103,109 Operatlng Costs (63,854) (62,803) Depreciation (11,577) (14,6571 Operatlng {Defl¢it)/Surplus Loss on disposal of Fixed Assets 29,340 25,649 Interest receivable 1,137 1,134 Total Comprehensive Income for the year Transfer from Deslgnated Reserves 30.477 26.783 Income and Expendlture Reserve at l April 23 Income and Expendlture Reserve at 31 Mar¢h 24 419,338 392,555 449,815 419,338 All Income and expenditure shown above relates to continuing actlvlties.
The Hartlepoo15 War Memorial homes and the Crosby Homes rrustees'annual report and accounts 31 March 2024 Statement of Changes in Reserves For the year ended 31 March 2024 Investnt Révaluation Charitable Fund Property Expendlture Account rota Reserve 8alan as at 1st April 2023 220,391 419,338 120,311 918 99,102 860.C)6( TDtal comprehensive Income/(Deficlt) for the year 30,477 Revaluatlon Surplus arislng dvrfng the year 30,157 Balance as at 31st Plarch 2024 250,548 449.$15 120,311 918 99,102 920,S94
The Hartlepools War Memorlal homes and the Crosby Home5 Trustees, annual report and accounts 31 March 2024 statement of Financial Position as at 31" March 2024 Notes 2024 2024 2023 2023 Fixed Assets Tanglble Assets Investments 6a 468,703 286,859 755,562 475,707 256,701 732,408 Current Asset$ Debtors Cash at bank and In hand 3,498 429,286 432,784 5,036 390,064 395,100 Creditors.. Amounts falling due wlthin one year (11,D46) (7,468) Net Current Assets 421,739 387,632 Total Assets 1,177,300 1,120,040 Credltors,. Amounts fallln9 due after more than one year 6b (256,606> (259,980) Total Net Assets 920,694 860,060 Rgserves Investment Revaluation Reserve Income & Expendlture Account Designated Reserve other Reserves Chorltable Fund Property Reserve 250,548 449,815 120,311 918 99,102 220,391 419,338 120,311 918 99,102 920,694 860,060 The flnanclal statements shown on pages 8 to 18 were approved by the Trustees on 17th September 2024 and were signed on its behalf by.. Chalr Trustee io
The Hartlepoo15 War Memorial homes and the Crosby Homes Trustees. annual report and accounts 31 March 2024 Notes Accountlng Policies Basis of accounting The financial statements of the Assoclatlon are prepared under the hlstorlcal cost convention, except for Investments which are held at market value. This is in accordance with applicable accountlng standards, namelyN UK Generally Accepted Accounting Practice (UK GAAP) includlng Flnanclal Reporting Standard 102 (FRS 102) and the Housing SORP 2014.. Statement of Recommended Practlce for Registered Soclal Housing Providers and comply with the Accounting Direction for Prlvate Reglstered Provider5 of Soclal Housing 2019. While the Assoclation Is an Unincorporated Charity and a member of the National Assoclatlon of Almshouses, the Assoclatlon is also a Registered Social Housing Provlder. Therefore, the flnanclal statements have been ppared In compliance with the Housing SORP 2014 to enable consistencyi ease and transparency in our reportlng to the houslng regu5ator. Cash Flows As a small Reglstered Social Houslng Provider, The Hartlepool's War Memorial homes and the Crosby Homes have elected to use thelr exemptlon to prepare a statement of cash flows. Flxed Asset Investments Investments classlfled under fixed assets are stated at market value at the balance sheet date, where thls is readily identifiable. All other Investments are stated at cost. Golng Concern The Assoclation's fOre$ts and proJectlONS show that the Association should be able to continue to operate wlthln the level of its current facllltles and no matters have been drawn to Its attention to suggest that future fundlng may not be forthcomlng on acceptable terms. After making enqulrles, the Trustees have a reasonable expectatlon that the Assoclation has adequate resources to contlnue In operational existence for the foreseeable future. Accordinglyi they continue to adopt the golng cOnrn basls In preparing these financial statements. Houslng Properties Houslng propertles are stated at cost, less accumulated depreclatlon. Major components of houslng properties, such 05 windows and heating components, have been accounted for and depreciated separately from the maln fabrlc, over their expetted economic lives. Depreclatlon Is charged at the rates applled below to wr¢te off the cost of the asset over thelr expected useful economlc lives. Land Main Fabric Roof Electricals Windows External Doors Bathroom Kltchen Bollers Heating Installatlons Not Depreclated 100 years straight Ilne 40 years straight line 30 years straight Ilne 25 years straight line 25 years stralght Ilne 20 years stralght Ilne 15 years stralght Ilne 15 years stralght Ilne 30 years straight Ilne li
The Hartlepools War Memorial homes and the Cr05by Homes Trustees, annual report and accounts 31 March 2024 The Soclal Housing grant has been applled agalnst the land In the first instance and then to the Maln Fabrlc of the buildlng. The grant is amortised over 100 years and released back Into the Statement of Comprehenslve Income. Fixtu$ and flttlngs are depreclated over 10 years on a straight-line basls. Soclal Housing Grant Soclal Housing Grant (SHG) received as a capital contrlbutlon, in line with SORP2014 and the 'accruals method., Is held separately as a credltor due after more than one year, unless part of the SHG relates to a disposal of property and becomes recycled or repayable, In whlch case It is apportloned to dItOrS due less than one year accordlngly. The 'accruals method. Is applled as the RSHP holds all social housing properties at thelr historic cost. The SHG Is then amortised in Ilne wlth depreciatSon of the 'structure' component of the housing propertles and released over 100 years ( IO/o). The amortisation fftleased In respect of the SHG is recognlsed in the Statement of Comprehen$5ve Income as 'lncome'. Turnover Turnover represents all rental, service charge Incorlle receivable and amortised Soclal Houslng Grant. Value added tax The Homes are not registered for VAT and ¥Vhe appllcable expenditure InclLJdes VAT. Impalrment Annually housing propertles are assessed for Impalrrnent indlcators. This is generally perfomied at scheme or cash-generatlng unit level. Where Indicators are Identlfled an assessment for Impalrment is undertaken comparing the scheme's carrying amount to Its cOVerable amount. Where the carrying amount of a scheme is deemed to exceed its recoverable amount, the scheme Is written down to its cOVerable amount. The resultlng Impairrnent loss Is recognised as operating expendlture. Where a scheme Is currently deemed not to be providing servlce potentlal to the Assoclatlon, Its recoverable amount Is Its fair value les5 Costs to sell. Debtors Debtors are measured at transartlon prSce, less any impairment. Credltors Creditors are measured at transactlon pri. Deslgnated ReseThes A designated reSee has been created in order to meet future expendlture upon pSanned Molntenan and mlnor Improvements. A stock condition survey In respect of all the properties carrled out in 2001 has been used to draw up a formal Planned Malntenance & Minor Improvements programme, The reserve has been created from the Trusts prevlous cyclical malntenance and extraordinary repairs deslgnated reserves and established to the extent that it is considered that this expendlture can be met from the charity's own reserves. 12
The Hartlepools War Memorial home5 and the Cmsby Homes Tnistees, annual port and accounts 31 March 2024 Charitable Fund Property Reserve This reserve represents that proportion of the cost of the propertles, whlch was flnanced by charfitable donatlons as well as the charities own resources. Admlnistratlon The management of the Assoclatlon continues to be deolt wlth by Durham Aged Mineworkers, Homes As50ciatlon (DAMHA) a separately reglstered housing association (5125). Rental income and administrative costs are recelved and paid by the agent association who make a management charge for acting as agent. 13
The Hartlepools War Memorlal homes and the Crosby Homes TrLtstees' annual report and accounts 31 March 2024 Turnover and Operating Surplus for the Year by Class of Buslness 2024 2023 Turnover from lettings Rents and service charges receivable Amortised government grants 101,395 3,376 104,771 101,383 3,376 104,759 Operatlng Expenditure Bad debts written off Management Day to day repairs & malntenance Services (including Water Rates) Depreclation Total Expendlture on Social Housing Lettings 17,955 33,200 12,699 11,577 75,431 16,376 35,541 10,886 14,657 77,460 Void Losses (491) {1,650} Senlor Executives The Senior Executives are deflned as the Trustees, who received no emoluments during the year (2023,. £nil) Interest receivable and slmllar In¢om¢ 2024 2023 Investment income 1,137 1,134 Surplus on Ordlnary Activities 2024 2023 The Surplus on ordlnary actlvltles Is stated after charying: Auditor's remuneratlon 1,083 980 14
The Hartlepools War Memorial homes and the Crosby Homes Trustees, annual report and accounts 31 March 2024 6a. Tanglble Assets Mousing Propertie5 Fixtures and Fittings rotal Fixed Assets Cost: At 1st April 2023 Additions Disposals At 31st March 2024 768,139 2,901 (4,954) 766,086 10,161 1,672 778,300 11,833 777,919 Less: Depreclatlon At Isi April 2023 Charge for the year Dlsposals At 31st March 2024 292,432 11,297 (4,954) 298,775 10,161 280 302,593 11,577 (4,954) 309.216 io,Mi Net Book Value.. 31st March 2024 1st Aprll 2023 £467,311 £ 475,707 £1,392 £468,703 £ 475,707 6b. Social Houslng Assistance - Credltors falling due after more than ona year 2024 2023 Total accumulated soclal housing grant recelved at 31 March 23 337,637 337,637 Recognlsed in the statement of comprehenslve Income (81,031) {77,657) Held as deferred incorne 256,605 259,980 15
The Hartlepoo15 War Memonal homes and the Cmsby Homes Trustees. annual report and accounts 31 March 2024 Notes (continued) Fixed Asset Investments 2024 2023 Valuation at l Aprll 2023 Disposals Surplus arising on revaluatlon At 31 March 2024 256,701 260,077 30,158 286,859 (3,376) 256,701 The Investments cornprlse the following'.- 2024 2023 2080,17 (2013: 2080.17) COIF Income Shares 943.44 {2013: 943.441 COIF Accumulatlon Shares 37AO/o War Stock {nomlnal £2,319.80) 42,503 242,527 1,829 286,859 38,927 215.945 1,829 256,701 The hlstorical cost of Investments Is analysed a5 follows:_ 2024 2023 COIF Income Shares COIF Accumulatlon Share5 31h% War Stock 19,089 14,666 1,750 35,505 19,089 14,666 1,750 35,505 Debtors 2024 2023 Rental debtors Prepayments and accrued income 2,148 1,350 3,498 3,664 1,372 5,036 Credftors: Amounts falllng due within one year 2024 2023 Prepald rents Trade credltors and accruals 186 10,860 11,046 139 7,329 7,468 16
The Hartlepoo15 War Memorial homes and the Cmsby Homes Trustees'annual report and accounts 31 March 2024 Notes (continued) io. Capital Commltments arKI Contlngent Liabilltle$ As at 31$t March 2024 there were no capltal commltments or contingent Iiabllltles. 17
Wm FORTUNE & SON , Chartered Accountants 111 SEP ib.. UL)te, Flarilewiil TS24 7EN E-mail. conlacléh4rmlortunpands)nLO.uk The Trustees The Hartlewols War Memorial Homes and the Crosby Homes PO Box 31 The Grove 168 Front Street Chester le Street County Durham DH3 3YH TAAICG I I September 2024 D¢ar Sirs Audit of Accounts We confimi that the audit of the accounts for the year ended 31 March 2024 was carried out satisfactorily. There was nothing to report. Yours faithfully ThomgsA Atkln50n REqi5teredto corry on E work iy) the UKandlrelondby the Instytuteof ChgrteredAciDuntant5iYT Ertylondond Woles